I was thinking the music star, Tommy Lee but regardless I think he is just referencing the tax return date.  Anytime sellers share a common point of failure or reason to sell, we can expect weakness like too much water in the sand the ground becomes liquid :p    Even while buyers exist the supply is greater I guess so price becomes uncertain and sold, crowd tends to follow the most obvious trend and go to the nearest support levels like a railing in the dark.   17th could well be a new day however I think globally we have many trends in play

The price sure looks bullish vs sentiment to me.   Considering its a possible double bottom I thought I'd load up a meme avalanche on opening this thread

Maybe its too perfect but all the recent closing 4hr bars confirmed support very well.     Overall I do expect selling to be part of the story upto April 16th tax return day ?   But USA is only 1 country and this is about the world too with other stories.  I always thought buying was more about Asia participants personally

I'll map out recent history but overall the market moves through cycles.   Think of the tides and waves on a sea shore, they work together but each has its own timing.

Heres a chart from a recent channel down, 100% at top and 0% at the channel bottom.  We break channel, which leads to a positive rise.    The last 24hr top was in line with that channel % (Fibonacci retracement) still, marking just a first attempt at recovery.  
Some call this bearish but generally it might just require more time to develop.    I think we dont see action until the tax year ends, I believe some sellers are tied into this and any event that brings together sellers will lower price.



Let me know if you have a specific question or want an opinion.

I worry efficiency will lead to a negative not this base line price people suppose.    In any normal commodity industry the market price can fall below cost to produce.    What would happen in Bitcoin case is the miners now longer operate.

To me this says they switch to a more efficient process like Proof of stake not that somehow the tail wags the dog and a minimum price must happen.    

Heres something relevant I spotted, btw capitulation is considered a marker to a true bottom ie. irrational selling, it can happen.

Bitcoin has to be more usable, integrated and seamless basically.   End of the beginning is the phrase I agree with.   You will know the mainstream is in on this market when its just part of a wider menu they are actually using bitcoin underneath whatever product is handling them as customers.    All the hype is nonsense, an over focus, the irony would be success coming with the opposite and BTC just being part of a plethora of genuine new era technical advancement.
 Just like I have very little idea how my remote control works for the TV, I just know it changes the channel with very little effort.   Sorry if there is genius going on underneath my entertainment and lounging on the sofa eating food watching junk TV but thats the mainstream they dont care about your product innovations, its just about you serving them.  

I dont see it as a consumer brand name, unfortunately there is no copyright on the name as BCH has demonstrated.   I see BTC as something that'd be on an enabled feature list, like HD or 4k on a TV and people will have to demand that technology be included correctly (not some poor copy) .  




I think 7481 is a price point between the recent daily high and low that will show confidence to continue or if the market requires more confirmation.

Its not a short if they own the coins.  A normal short is to borrow other peoples coins at a higher price, sell then repay at the low price.    That matters because every short now is a future buyer, hence strong reversals occur.

The Gox Bitcoins were never lost that I read so the market should not have ignored the transfer of them.     Basically all this means, its a short term blip and nothing has changed to the overall BTC supply and demand.

Sure the Gox coins will find a way onto exchange and feed supply for buyers, meaning a lower price but Bitcoin is a big market and even Gox is not much compared to the overall weekly supply and demand.   The person selling the Gox coins knows this, they wont dump on 1 day on just 1 exchange, the price wont be best then

I tend to agree short term but I think Bitcoin tends to overshoot in both directions, so really Im looking at 8500 and 9500 beyond that for an upside target.   The reasoning being its quite a significant turn around which then draws in alot of previous bearish sellers.

Especially this might occur if futures sold before the end of the quarter but can now go long again.    Anyhow I have it above a trend again which apparently is very bullish to fake out then recover in short time

Arent those two ideas in conflict.   The POW form of the coin ended years ago, so that part was limited and gone forever if that helps you.  The coin is now all POS where confirmation of transactions involves staking and a small 1.5 Blackcoin reward for the wallet that stakes.   Very simply it would be like a queuing system, or a kind of basic interest yield to holding any amount of coins in a wallet.    
   I've not read any proposal to remove the stake reward but you can see the amount increased is very steady, set amount and known in advance and all the new coins go back to wallet holders, not outside miners or anyone else who doesnt hold BLK.   Its way fairer and more efficient then POW and I seriously think it could take over from POW blockchains in the long run.  That would massively enlarge the market for POS generally if true.

The centre of any economy, FIAT, commodity, national or commerce is efficiency, it can destroy itself from within if not efficient and able to compete in a global market place.  No outside actors are required to make this true, if POS is more efficient then POW and it surely is then this weight of process is on our side long term.   Its very reasonable to take an interest on BLK imo

Some decent maths here, beats guessing proportions.
I would also say not against BTC but it wont be the only currency hence value will be shared as it is now with USD.

So we cant exactly divide one into another but its fair to put it down as a theoretical to take forward.  Wealth is always with the means of production in a country as far as capitalism goes, the currency is just the transfer and exchange of that countrys assets in and between borders with other parts of the globe pretty much.  Thats usually how it goes with supply and demand I think, presuming we have capitalism which at present we dont with central banks and FIAT.

Theres no rule you have to buy december and not use it until april.  They could buy december and use it the same month.        Reason why a price is slow to rise is previous holders selling at that price when it recovers.  Takes some time to get through that queue of people waiting I think.

Recent bottom was a good reversal but right now we are back to a trend that it must climb over.    So more confidence comes when the price is above and confirms this price as support.   Its still a kind of ceiling right now hence hesistation in pricing.
This is a long term trend so alot of buyers/sellers around here

Nobody can tell you what to do .   The problem is your personal context for trading is seperate to mine, the risk and allocation of what resource you might have is going to vary.

However yes I think here is a point where the price is not in freefall but at long term regular support.  Nobody in the world knows for sure but theres certainly a case stands for greater odds in this area for going long then previously at prices.
Also action today recently has been bullish in a failed test or break of support, again just my guess and what I've read.

You are a bigger dreamer then us if you believe in free.  Theres a cost and a risk in there somewhere, every insurance policy has an underwriter and a cost to its confirmation of security.

I dont see why Lightning Network is diverting my use of a wallet, is it displacing transactions in every block so I can no longer use a route of my choosing.   Why would more paths to transact be a negative.   If it fails in some way then that is a loss on those users, just like any concept or website use of bitcoin can prove to be incorrect.   So long as its not damaging the underlying protocol I dont see the problem regardless of its success or failure, the risk is personal to those operators.

The point here is the price of gold is not supposed to be especially volatile.   Its not seen as a positive for price stability if a price changes considerably in a short amount of time, this is true of a positive price rise as well as negative falls in a price.

Of course we know in a developed market many parties are glad of a lower price.   With the gold the point is value held over hundreds to thousands of years, obviously not in dollar terms.  In dollars the price changes massively, however the easy conclusion is that dollars are worth far less in 2018 then 1918 hence the change is the dollar not the gold itself.     Its an ongoing indication that dollar is flawed in any saved value capacity.

Theres no great criticism of gold in what you have posted.    I'm sure it has negatives, its only a heavy piece of metal however it has held its value for longer then any other asset.   Bitcoin should be closer to a growth asset, I dont think it'll ever be as stable.
 I do hope bitcoin will develop further and become more usable, more integrated and so more highly valued in real terms regardless of what dollar is doing.  Gold we can be sure will do nothing, its an ironic positive in defining a steady fixed value.  Make sure to hold a little bit of gold, its arrogant to assume every other generation was wrong on this

A price that moves in one direction only is too close to free money.   Doesnt happen in a free market, it will always double back and take profits.    Even while its moving a bullish or bearish trend.  

So whats most relevant here is strong support negated, an april fools price.   I saw this on twitter, a false breakdown is strong confirmation of a good reversal.   Not exclusively a crypto thing, happens in lots of markets.   Because BTC is global and never closes its also quite a unique market to judge but I think the commentary is correct so reposting :p

I take racism as an idea as seriously as I might discussing flat earthers.   Or the stupid argument for Obama birth certificate.    The ironic thing there being Ted Cruz is eligible yet was born in Canada.  https://edition.cnn.com/2016/01/13/opinions/amar-cruz-trump-natural-born-citizen/index.html
Is he the Zodiac killer we dont know yet

I dont comment because its all nonsense, its not agreement so I'm just replying on your point there.    I'm generally hoping crypto types are the progressive sort not cavemen against global trade between various parts of the human race.   That would be conflicting views imo

Winston knows whats up.    Thats probably a good applicable quote tbh, people just dont like the long game is more boring then everything right now

But yea why has the price just jumped 350 dollars.   I see  support in this area sure and any news?

Last I read they were regretting not encouraging more tech business.   eg. UK version of facebook had millions of users but doesnt exist now.   Also UK has the most liberal finance betting laws in the western world, the EU wants to force legislation to restrict leverage on FOREX trading for example which is typically very high compared to stocks or bonds.


Reminds me of the days they taxed playing cards.   To sell a pack without the royal warrant could end in your death (customs have powers that include the military etc).    In many ways we live in the future with amazing tech but with continual stupidity repeated.   Should never happen in a democratic capitalist country.  In China they have the motivation to deny their citizens access to free use of private capital, its Communist it figures.   In the west it makes little sense

The market depth chart does look bullish in theory, I guess they are measuring it against tether and just plain fiat in exchange accounts.   I think far more people are likely to take non crypto off exchanges but maybe thats just me.

I have 7117 as a 38% Fibonacci retracement line to measure the 'recovery' by and see what its strength is I think.
Outside a previous short term downtrend, longer term support area.  Theres a few reasons but theres not great volume either possibly

Ironic thing is the token has a greater use then alot of crypto exchanged because it has a proposal for usage, active development is always something I look for.   You can still exchange for value even while that might be a speculative price but thats a description of alot of crypto and blockchains out there Im fairly sure.   So I'd place PLAY above alot of other value exchanged.   The thing to follow is the general prospects, the market sector being addressed (esports growth etc.) and that is a determination of value that is at least equal to an exchange price.   It wont have a fixed label like your bid/offer figure but ultimately the wider market is what gives the price.    

Its a case of the tail wagging the dog if you get what I mean, the bid/offer is not what determines value utlimately.   Largely thats a reflection of sentiment right now and you have the backdrop of BTC which is massive but not a determination of actual prospects for usage of PLAY.   I'm fairly certain of this because it happens in the general money markets, if this were a game it would be lemmings   I dont just follow others personally

I think if you intended to sell then you so late to the party you might as well come back next week. I dont know it wont drop further but theres fair reason it could rest in this area. Usually with bitcoin Im surprised how fast it came back or why its so negative and then later theres some news to explain why. Generally its volatile and heading off in either direction at great pace. I will probably wait and see, I did expect a bounce but I think alot of selling is to do with taxes etc. So thats till mid next week